Examlex
The definition "'Watch' means a small portable timepiece" is an example of:
Foreign Tax Credit
A permanent tax credit for income taxes handed over to an overseas authority as a consequence of foreign income tax deductions.
Appreciated Capital Gain Property
Property that has increased in value over time, where the capital gain realized from its sale is taxed at a possibly reduced rate depending on the duration of ownership.
Tax-Exempt Status
A designation that allows an organization or entity to be exempt from federal income tax under certain sections of the Internal Revenue Code.
Charitable Contribution
Donations or gifts to charitable organizations, which can be deductible from an individual's taxes.
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